dtcpay Secures USD 16.5M Pre-A Funding Led by Kwee Liong Tek

Cointime, June 21 — dtcpay, a Singapore-headquartered digital payments platform, today announced that it has raised USD 16.5 million in its Pre-A funding round. The round was led by Mr. Kwee Liong Tek, Chairman of Pontiac Land Group, one of Singapore’s most influential family-owned conglomerates.

The new capital will support continued product development, the strengthening of our operational and infrastructure capabilities, and the expansion of dtcpay’s global footprint. Additional investors participating in this round include David Tung, former Managing Director and Partner at The Carlyle Group; Jean-Marc Poullet, Chairman of Burgess Asia; and Tham Sai Choy, former Senior Partner at McKinsey & Company and former Chairman of KPMG Singapore and Asia Pacific.

At dtcpay, we provide regulated and trusted fiat-to-digital currency conversion on a single unified platform, enabling merchants to accept a broader range of payment types and reach more customers through fast and seamless settlement processes.

With consumer adoption increasingly driven by the simplicity of QR-code payments, dtcpay’s vision is to simplify the payment experience, make digital currencies more accessible, and bridge the gap between traditional businesses and the Web3 economy.

Founded in 2019 by Alice Liu and her classmates from the National University of Singapore, dtcpay has grown into a leading payment services provider, offering reliable processing for both fiat and digital currencies.

As a Major Payment Institution (MPI) licensed by the Monetary Authority of Singapore (MAS), dtcpay has become a trusted partner for businesses entering the digital economy, delivering secure, compliant, and innovative payment solutions.

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